Fraternity-Testvériség, 1972 (50. évfolyam, 1-12. szám)
1972-07-01 / 7-9. szám
Year 1970 U. S. A........ Canada ...... .... $15,549,133.73 376,507.82 + + $ 603,456.17 = 39,631.00 = $16,152,589.90 + 416,138.82 $15,925,641.55 + $ 643,087.17 = $16,568,728.72 Year 1971 U. S. A....... Canada ...... .... $16,152,589.90 416,138.82 + + $ 384,152.38 = 38,831.44 = $16,536,742.28 + 454,970.26 $16,568,728.72 + $ 422,983.82 = $16,991,712.54 TOTAL INCREASE IN ASSETS, Dec. 31, 1967 to 1971: $ 2,078,587.76 increase in U. S. A. 1967-71 . Increase in Canada 1967-71 .... ....$1,914,545.91 ... 164,041.85 Total increase 1967-71 .... Total increase 1963-67 .... ....$2,078,587.76 ... 1,908,091.51 Increase over previous 4 years ....$ 170,496.25 NOTICE: The Statement of Ledger Assets’ figures represent the Book Value of our Assets. The Market Value or Admitted Assets on December 31, 1971 as per our Annual Statement was $16,855,381.13. COMPARISON OF LEDGER ASSETS RY YEARS, 1967-71 Assets Increase Assets Increase 1967 ............ $14,913,124.78 1971 16,991,712.54 422,983.82 1968 ............. 15,344,748.51 $ 431,623.73 1969 ............ ............. 15.925.641.55 ........ ........ 580,893.04 TOTAL INCREASE, 1967 to 1970 16,568,728.72 ........ ........ 643,087.17 December 31, 1971 .............................. ........ $2,078,587.76 LEDGER ASSETS 12-31-1971 Total Ledger Assets, Dec. 31, 1971 United States Canada Book Value 1. Cash on Check Accounts .......................................... .......... $ 117,474.66 $ 78,822.69 $ 196,297.35 2. Petty Cash....................................................................... .......... 400.00 — 400.00 3. Bonds ............................................................................ .......... 9,271,823.71 168,221.82 9,440,045.53 4. Loans: Mortgages ..................................................... .......... 5,789,974.88 204,555.49 5,994,530.37 Certificates ................................................... .......... 588,438.02 2,989.24 591,427.26 5. Real Estate ..................................................................... .......... 762,047.42 — 762,047.42 6 Due from Branches ................................................... .......... 4,833.59 381.02 5,214.61 Note Receivable (Morristown, N. J.) ................. .......... 1,750.00 — 1,750.00 TOTAL LEDGER ASSETS $16,536,742.28 $454,970.26 $16,991,712.54 RATIO OF NET INVESTMENT INCOME 1962-1971 The Valuation Exhibit shows that the ratios of assets to liabilities (including reserves on all statutory obligations) for the last ten years are as follows: 1962 ........... ........... 110.2% 1967 .......... .......... 110.46% 1963 ........... ........... 110.3% 1968 .......... .......... 110.88% 1964 ........... ........... 110.3% 1969 .......... .......... 112.00% 1965 ........... ........... 110.1% 1970 .......... .......... 112.02% 1966 ........... ........... 110.6% 1971 .......... .......... 113.36% * * Our Federation is a member of the National Fraternal Congress, and also of the State Fraternal Congresses in the states in which we are licensed. The Ratio of net investment income to mean assets for the last ten years are as follows: 1962 ............ ............ 4.25% 1967 ............ ............ 4.27% 1963 ............ ............ 4.28% 1968 ............ ............ 4.27% 1964 ............ ............ 4.43% 1969 ............ ............ 4.59% 1965 ............ ............ 4.46% 1970 ............ ............ 4.81% 1966 ............ ............ 4.48% 1971 ............ ............ 4.96% * As past president of both the New Jersey and the Maryland and District of Columbia Congresses, I was elected President of the State Fraternal Congress Section of the National Fraternal 23
